About RxFunction
RxFunction is a company based in Minneapolis (United States) founded in 2010 by Lars Oddsson. RxFunction has raised $39.95 million across 12 funding rounds from investors including HHS and Cedar Point Capital. RxFunction offers products and services including Walkasins. RxFunction operates in a competitive market with competitors including HyperIce, MedRhythms, Neocis, Fundamental Surgery and KT Tape, among others.
- Headquarter Minneapolis, United States
- Founders Lars Oddsson
- SectorsTechnologyHealthcare
- Email••••••••
- Website rxfunction.com
- Social LinkedIn X Facebook YouTube
- Legal Name Rxfunction, Inc.
- Total Equity Funding$39.95M (USD)
in 12 rounds
- Latest Funding Round$5M (USD), Series B
Oct 2022
- InvestorsHHS
& 1 more
Products & Services of RxFunction
RxFunction offers a comprehensive portfolio of products and services, including Walkasins.
Provides tactile feedback to enhance balance for peripheral neuropathy patients.
Apps and channels of RxFunction
its YouTube channel RxFunction, Inc. has 184 subscribers and 10 videos.
Videos from RxFunction
The most watched videos on RxFunction's YouTube channel, RxFunction, Inc. (184 subscribers). Click a video to play it here.
More on RxFunction, Inc..
Funding Insights of RxFunction
RxFunction has successfully raised a total of $39.95M across 12 strategic funding rounds. The most recent funding activity was a Series B round of $5 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $39.95M
- Total Rounds 12
- Last Round Series B — $5M
- First Round $161,980
(Sep 2011)
- Investors Count 2
Latest 10 of 12 funding rounds of RxFunction with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2022 | $5M | Series B | – | – | – |
| Jan 2021 | $292,396 | Series B | – | – | – |
| Dec 2020 | $4M | Series B | – | – | – |
| Mar 2020 | $4.01M | Series A | – | – | – |
| Apr 2019 | $28,000 | Series A | – | – | – |
| Mar 2019 | $4.01M | Series A | – | – | – |
| Jan 2019 | $7.5M | Series A | – | – | – |
| Apr 2018 | $7.5M | Series A | – | – | |
| Dec 2017 | $7.5M | Series A | – | – | – |
| Aug 2017 | $100,000 | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in RxFunction
RxFunction has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include HHS and Cedar Point Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | cedarpointcapital.tcc.mode | - | |
Public health and human services are overseen by HHS. | 1953 | hhs.gov | - |
Investor details for RxFunction
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of RxFunction
19 people are tracked at RxFunction (9 in leadership, 10 in team).
| Name | Role | Group |
|---|---|---|
Lars Oddsson | Co-Founder & CTO | Leadership |
Mary Ernst Anderson | CEO | Leadership |
Marissa Bocchino | Regional Director | Leadership |
Tim Elliott | Director Of Information Technology | Leadership |
Alexis Smith | Regional Director | Leadership |
Andrew Bicek | Vice President Of Technology | Leadership |
Melissa Konrad | Regional Director | Leadership |
Dave Markovich | Director of Operations | Leadership |
Jackie Gorham | Vice President- Federal Accounts & Strategic Programs | Leadership |
Katie Stewart | Reimbursement Services Manager | Team |
Cory Gloe | Engineering Manager | Team |
Haden Hausken | Senior Mechanical Engineer | Team |
Julie Rice | Clinical Patient Trainer | Team |
Mark Anthony Ayala | Territory Manager | Team |
Sean Galloway | Supply Chain Lead | Team |
Dale Suilmann | Sr Principal Engineer | Team |
Morgan Groves | Account Specialist | Team |
Dillon Martin | Account Specialist | Team |
Rachel Cannon | Territory Manager | Team |
Complete people profiles for RxFunction
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of RxFunction
3 dated milestones of RxFunction across 12 years, from founding to its latest funding, stage changes and deals.
- Founded RxFunction is founded.
- Funding First funding round of $162K.
- Funding Latest funding round, Series B, of $5.0M.
Competitors of RxFunction
RxFunction operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HyperIce, MedRhythms, Neocis, Fundamental Surgery and KT Tape, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hyperice.com | 2011 | Irvine, United States | $48M | – | Internet first brand offering smart devices for physical fitness | |
| medrhythms.com | 2013 | Boston, United States | $59.95M | 34 | Provider of wearable devices to combat neurological injuries and recover walking functions | |
| neocis.com | 2012 | Miami, United States | $181.79M | 118 | Robotic guidance systems for dental implantation surgeries are provided. | |
| fundamentalsurgery.com | 2012 | Boston, United States | $39.61M | 53 | AI-based surgical simulation is enabled via VR and haptics. | |
| kttape.com | 2009 | American Fork, United States | – | 110 | Manufacturer of kinesiology tape and related recovery products. It offers a variety of tapes designed for different needs and activity levels, including options for sensitive skin and specific areas of the body. The product line also includes supporting items such as ice sleeves, pain relief gels, and blister prevention products. The company provides educational resources on proper application techniques and offers a mobile application for further support. The focus is on providing solutions for pain relief, muscle support, and recovery from injuries. | |
| avation.com | 1999 | Columbus, United States | $34.92M | – | Wearable tibial nerve stimulation device treats overactive bladder symptoms. | |
| neofect.com | 2010 | San Francisco, United States | $4M | – | Smart rehabilitation devices for neurological injuries are developed by Neofect. | |
| biocircuit.com | 2016 | Atlanta, United States | $13.65M | – | Non-invasive electrophysiology devices are developed to monitor peripheral nerves. | |
| epineurontech.com | 2016 | Hamilton, Canada | – | – | Medical devices for peripheral nerve injury treatment are provided. |
Detailed competitors of RxFunction
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of RxFunction
The website of RxFunction (rxfunction.com) receives about 6.1K visits a month.
- Monthly visits6.1K
▲ 92.3% vs previous month
Latest news on Rxfunction
Complete news archive for RxFunction
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Similar companies to RxFunction
10 companies that operate in the same segment as RxFunction (Sensors & Smart Devices), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Smart fitness equipment and streaming platforms are provided. | 2011 | New York, New York, United States | USD 995.53 M | USD 2.45 B | 2,660 | |
VR-based head-mounted displays for gaming are provided by Oculus. | 2012 | Menlo Park, California, United States | USD 107.05 M | – | – | |
Connected devices for health, sleep, and activity monitoring are developed. | 2008 | Moulineaux, Seine-maritime, France | USD 93.83 M | – | – | |
Cloud-based business telephony and home security services are provided. | 2004 | Palo Alto, California, United States | USD 87.97 M | USD 273.6 M | 1,190 | |
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Video streaming devices and platforms are provided by Roku. | 2008 | San Jose, California, United States | USD 213.57 M | USD 4.74 B | 3,340 | |
Provider of hardware and software for monitoring home energy consumption | 2010 | Palo Alto, California, United States | USD 80 M | – | – | |
Developer of LiDAR-based sensors | 2002 | San Francisco, California, United States | USD 129 M | USD 169.38 M | 192 | |
Internet first brand offering wearable breast pumps | 2013 | London, England, United Kingdom | USD 157.63 M | – | – | |
Metabolic health is tracked via devices and fitness platforms. | 2019 | Bengaluru, Karnataka, India | USD 163.28 M | USD 65.48 M | 274 |
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Frequently Asked Questions about RxFunction
RxFunction was founded in 2010 and raised its 1st funding round 1 year after it was founded.
RxFunction is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Mary Ernst Anderson is the current CEO of RxFunction.
RxFunction is a funded company, having raised a total of $39.95M across 12 funding rounds to date. The company's 1st funding round was a Seed of $100K, raised on Sep 2011.
RxFunction was founded in 2010 in Minneapolis, United States, and operates in the medical devices sector focused on balance technology. Wearable solutions for individuals with sensory peripheral neuropathy are created, including a leg unit with electronics and vibrating motors, paired with insoles that detect foot pressure. Real-time tactile cues are delivered to enhance balance and stability during daily activities.
RxFunction's top competitors include HyperIce, Fundamental Surgery and MedRhythms.
RxFunction offers Walkasins.
RxFunction has 2 investors. Key investors include HHS, and Cedar Point Capital.
RxFunction operates through Rxfunction, Inc..